AIM will bridge the gap between MSMEs and Govt: Rai

Source: The Hitavada      Date: 19 Mar 2017 09:41:22

Business Bureau,

MORE than 50 State-level associations round the country had come together to form the Alliance of Indian MSMEs (AIM), informed Dinesh Rai, IAS, President, AIM and former Secretary of the Ministry of MSME, while talking to the media persons on Saturday. He was in the city to address a workshop organised by Team CAIT on ‘Less Paper Quick Finance to MSMEs’. Also present at the conference were B C Bhartia, National President of CAIT and Board Member of AIM and Arunachalam Karthikeyan, Founder Board Member, AIM.

“MSMEs are spread all over the country and although they have the major share in the growth of the country, their voice is unheard, nor they are guided properly. Even divided into small associations, they are able to negotiate with the Government in a proper way for their rights. We at AIM wish to be a think-tank for the MSMEs and take their various issues to the respective departments.”

Rai also pointed out that the major problems before the MSMEs were delayed payments, procurement policy, stringent labour laws, taxation and finance and infrastructure. “We are travelling throughout the country and has also written to the respective departments of the Government on several issues and are called for discussions from time to time,” Rai said.

B C Bhartia said: “The Government of India, through the Reserve Bank of India, has introduced many schemes to extend financial help to MSMEs. Latest is the Pradhan Mantri Mudra Yojana. This scheme appears attractive but ground reality is that MSMEs are still unable to get quick need-based finance at competitive rates.”

He noted that there were many non-banking finance companies. They, along with micro finance companies, could reach the last mile MSME. “There can be other basis also to determine finance for MSMEs. The quality of debtors, orders in hand, past experience of other loans, payment of direct and indirect taxes, routing of sales proceeds through banking channel, etc.”

The workshop on ‘Less Paper Quick Finance to MSMEs’ was jointly organised by Team CAIT, Nagpur and Alliance of Indian MSMEs (AIM) at Hotel Centre Point, Ramdaspeth. At the outset, Kishor Dharashivkar, President of Team CAIT, Nagpur welcomed the dignitaries.

Team CAIT, Nagpur felicitated B C Bhartia on his nomination as the Director of AIM. Other local organisations also felicitated Bhartia. Rahul Kulkarni, Amit Jain from HDFC Bank, Arunachalam Karthikeyan, Country Head, Sequa GmbH LO (India) also addressed workshop. Farooque Akbani, General Secretary, Team CAIT, Nagpur proposed vote of thanks while Nikhilesh Thakkar, Organising Secretary and Prabhakar Deshmukh conducted the programme.